31 JULY 1869, Page 3

A statue, by the American sculptor, Mr. Story, in. honour

of the great American philanthropist, Mr. Peabody, was unveiled on Friday week, by the Prince of Wales, within the precincts of the Royal Exchange. The Prince, in performing this ceremony, referred to his own very cordial reception in America nine years ago, and proposed the health of the United States' Minister, Mr. Motley, who made in reply a very finished little speech, a speech of finished sentences and sharply cat thoughts, of a type rather out of date, such as we do not very often now hear. " That fortunate as well as most generous of men," he said, of Mr. Peabody, "has discovered a secret for which misers might sigh in vain—the art of keeping a great fortune for himself through all time. For I have often thought, in this con- nection, of that famous epitaph inscribed on the monument of an old Earl of Devonshire, commonly called the Good Earl of Devonshire, What I spent I had; what I saved I lost ; what I gave away remains with me.' " Mr. Motley paid a high compliment to the statue as a work of art and as a likeness, and congratulated us that " generations after generations yet unborn,—. that long but I fear never-ending procession of London's poor,— will be about as familiar, in the future, with the face and features of their great benefactor as are those of us who have enjoyed his friendship in life." Mr. Story, the sculptor of the statue, when called upon for a speech, was still terser, though he could hardly be more to the point than Mr. Motley. He pointed to the statue, saying, " That is my speech." But Mr. Story can speak in language almost as well as he speaks in atone,—but in both alike it is perhaps only in the language of art—verse and sculpture.